Oklahoma § 58-1207 - Personal representatives, trustees or guardians Irrevocable transfers to adult or trust company as custodian
Full text of Oklahoma Oklahoma Statutes § 58-1207 — Personal representatives, trustees or guardians Irrevocable transfers to adult or trust company as custodian, with citation guidance and answers to common questions.
§ 58-1207. Personal representatives, trustees or guardians Irrevocable transfers to adult or trust company as custodian
A. Subject to the provisions of subsection C of this section, a
personal representative or trustee may make an irrevocable transfer
to another adult or trust company as custodian for the benefit of a
minor pursuant to the provisions of Section 10 of this act, in the
absence of a will or under a will or trust that does not contain an
authorization to do so.
B. Subject to the provisions of subsection C of this section, a
guardian may make an irrevocable transfer to another adult or trust
Oklahoma Statutes - Title 58. Probate Procedure
company as custodian for the benefit of the minor pursuant to the
provisions of Section 10 of this act.
C. A transfer according to the provisions of subsection A or B
of this section may be made only if:
1. the personal representative, trustee, or guardian considers
the transfer to be in the best interest of the minor,
2. the transfer is not prohibited by or inconsistent with
provisions of the applicable will, trust agreement, or other
governing instrument, and
3. the transfer is authorized by the court if it exceeds Ten
Thousand Dollars ($10,000.00) in value.
Added by Laws 1986, c. 261, § 7, eff. Nov. 1, 1986.
Source: official Oklahoma text · Last verified 2026-08-27
Frequently Asked Questions About Oklahoma § 58-1207
What does Oklahoma Statutes § 58-1207 cover?
Section 58-1207 ("Personal representatives, trustees or guardians Irrevocable transfers to adult or trust company as custodian") is part of the Oklahoma Statutes, the codified statutory law of Oklahoma. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Oklahoma § 58-1207?
A common citation format is "Oklahoma Statutes § 58-1207" (Oklahoma). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Oklahoma law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Oklahoma official source linked on this page or consult a licensed Oklahoma attorney.
How does Oklahoma § 58-1207 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Oklahoma can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Oklahoma.